Parachuting Financial News

Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year. The company's consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter, just above analysts' average estimate of 4.63 billion rupees, according to LSEG data.

NASA has identified a private entity Axiom Space and ISRO had signed a Space Flight Agreement with the American firm for the joint mission to the International Space Station (ISS).

Tom Cruise is back in action, pushing the boundaries of risk and adrenaline in Mission: Impossible 8. Recent images from the filming set reveal Cruise engaging in a heart-stopping aerial stunt, hanging from an upside-down plane without a visible parachute. This latest death-defying scene underscores Cruise's commitment to performing his own stunts, continuing the legacy of high-octane action that defines the Mission: Impossible franchise.

Hindustan Unilever's decision to sell its Pureit water filter business yet again demonstrates how fast-moving consumer goods companies fail to undertake services. Pureit is a consumer durable product requiring after-sales service. HUL entered the water purifier business in 2004 and launched Pureit nationwide in 2008, but ended up classifying the business to be non-core. There are several instances of FMCG companies entering service business that didn't work for them on expected lines. In 2009, Jyothy Labs launched a laundry business through a chain called Fabricspa, with an investment of Rs 40 crore. Over the years, the business grew at a slower pace compared to the rest of the business. It contributed 2% of the total revenue of Jyothy Labs in FY24.

NASA astronauts Barry 'Butch' Wilmore and Sunita Williams, have to wait for some time to return home as they are still stranded on the International Space Station while NASA is trying to leave no stones unturned in bringing them back home. However the timeline for their return has once again seen a glitch from the top space agency. According to The Telegraph's report, NASA has mentioned that more time is required to review the spacecraft that is responsible for bringing them back home as the thruster malfunction it was facing has still not been entirely resolved. Moreover, the spacecraft has reportedly seen helium leaks, that is primarily causing the delay in the first place, says USA Today.

Paris Fashion Week — one of the strongest in seasons. Here are some highlights of Thursday's spring 2025 menswear shows: Miyake takes flight The breathtaking menswear displays in the show “Up, Up, and Away" featured couture-like poetry: seemingly weightless textiles that billowed like parachutes or kites. The garments seemed ready for flight.

Diaphanous origami-like sculptures that floated like spring seeds caught in the wind captured the essence of the subtle, rich, and exquisite display from Issey Miyake at Paris Fashion Week — one of the strongest in seasons

Solar Industries, based in Nagpur, has delivered the first batch of indigenously developed Nagastra-1 Loitering Munitions to the Indian Army, marking a significant milestone in India's defense preparedness and self-reliance in military technology.

Marico, one of India’s leading consumer products companies in the hair and wellness market, have shown a strong upward trend since April, rebounding from a steady decline between September 2023 and March 2024.In April, the stock made a robust comeback, ending the month with a 4.18% gain and extending its rally into May with an additional 15% increase. So far this month, shares are up nearly 10%, resulting in a cumulative gain of 31.60% in less than three months, trading at ₹654.60 apiece.

ALSO READ: Dubai-Jamaica chartered flight, with several Indians onboard, sent back: 'Docs weren't satisfactory,' says MEA The incident took place after a suspected briefcase bomb brought down the plane over the mountains of Czechoslovakia, allegedly by Croatian nationalists. In the incident, all passengers and four crew members died, but Vulovic survived and became the first and only person to survive a 33,000-foot fall without a parachute.

Saugata Gupta, MD & CEO, Marico, says “we have lost market share in the bottom of the pyramid segment in value-added hair oils, where there has been significant competitive intensity. Otherwise, in most of the categories, we have gained market share. What is also heartening is that we have continued to grow in our core brands as well as food, Parachute and all and also the premium part of value-added hair oils.” The commentary around rural recovery is gaining ground. What has been your reading with respect to how things are on the ground right now, especially on the rural front? Saugata Gupta: Last year, it was a combination of two factors. Obviously, rural demand was stressed. The premium part of the portfolio continued to grow. Having said that, we also saw a little bit of moderation in urban growth towards the second half of the year. What we now see is a slight uptick in rural growth towards the end of the quarter. The second thing which also happened is, at least in our portfolio, there was a lot of deflation in pricing that happened, a combination of price drops we took on Parachute and Saffola, as well as significant shrinkflation that happened in the value-added hair oils portfolio.

Marico said FMCG demand sentiment stayed consistent vis-à-vis the preceding quarters with trends in urban and rural consumption largely converging. The company is anticipating a “slight uptick" in volumes in its fourth quarter India business. In the December quarter, Marico had reported a 2% jump in quarterly volumes in India.

Sukhoi Su-27 fighter jet was mistakenly downed by Russian forces over Crimea, as reported by Ukraine. The mishap occurred over the annexed peninsula, with Ukraine's Navy spokesman, Dmytro Pletenchuk, emphasizing the role of «the human factor» where an operator, driven by the prospect of receiving a medal, failed to verify the aircraft's allegiance. The incident was initially reported by Mikhail Razvozhayev, the Moscow-appointed leader in Sevastopol, who mentioned that a Russian warplane «crashed» off the Crimean coast. He confirmed that the pilot had safely ejected and was subsequently rescued. Footage shared on Russian Telegram channels depicted the aircraft ablaze during its descent, along with the pilot's parachute, according to a Newsweek report. The Crimean Wind Telegram channel suggested that the aircraft was accidentally shot down after departing from the Belbek military airfield. Pletenchuk's confirmation on television reinforced the narrative that the aircraft was indeed Russian and was destroyed by friendly fire due to an overzealous operator's mistake.

Bloomberg reported. According to Rajan, India is making a big mistake in believing the 'hype' around its strong economic growth, adding that it will take several years of hard work to make it real. The economist was of the view that for a country like India, it is vital to first improve its structural problems to meet its true potential.

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ISRO) in the Pushpak Reusable Landing Vehicle (RLV) LEX 02 landing experiment and dropped the 'Pushpak' from an altitude of 4.5 km. The shuttle was dropped from 4.5 km above the earth to a runway in Karnataka's Chitradurga by IAF's Chinook helicopter, where the landing experiment was conducted earlier in the day. The IAF shared a video from the inside of the chopper showing the shuttle being dropped towards the ground.

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Read more about other Daily essentials products on the Baby products section of the Top Trending Products page. Check out the best chemical free shampoos for kids below. 1. R for Rabbit Baby Shampoo R for Rabbit Pure & Beyond Baby Shampoo, a gentle and nourishing hair care solution specially crafted for newborns, toddlers, and babies. Formulated without harmful toxins such as Paraben, Silicone, Phthalate, and Sulphate, this shampoo ensures a chemical-free bathing experience for your little ones. Enriched with the goodness of Oatmeal, Lavender extract, and Avocado, it deeply nourishes the delicate skin and hair of babies while providing a calming and relaxing effect. The pH-balanced formula maintains the skin's natural balance, promoting softer and smoother hair growth. Dermatologically tested and pediatrician-approved, this tear-free shampoo is safe even for babies with sensitive ski

Indian Navy said that INS Kolkata cornered and coerced all 35 pirates to surrender on Saturday, securing the safe extraction of 17 crew members from the pirate vessel without harm. Here are top five things you should know about the rescue mission: 1. During the 40-hour rescue mission, INS Kolkata intercepted the targeted pirate ship Ruen, which was approximately 2600 km away from the Indian Coast, and brought it to a halt using strategic measures.

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Kim Jong Un used a Russian luxury limousine gifted by President Vladimir Putin recently, Kim's sister said Saturday, praising the car's «special function» and the two countries' deepening bilateral ties. In February, Putin sent Kim a high-end Aurus Senat limousine, which he had shown to the North Korean leader when they met for a summit in Russia in September. Observers said the shipment violated a United Nations resolution aimed at pressuring the North to give up its nuclear weapons program by banning the supply of luxury items to North Korea.